FYI: Hillary Clinton got the ball rolling on Monday when she tweeted about drug prices. On that day, the Biotech sector fell 4.4%, and it has yet to see green since then. Unless we see a sharp turnaround this afternoon, the sector will finish the week down every single day. Below is a look at the recent performance of the 25 largest stocks in the Nasdaq Biotech Index. For each stock, we show its distance from its 50-day moving average, its change this week, and its year-to-date change. While some names are still up year-to-date, there’s a whole lot of red everywhere else.
Regards,
Ted
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